ositadima1:



Lets look at a few correlations between FUGAZ. Note that correlation is pairwise therefor u can imply d pairs i didnt match.

Correlations (Over d 8 years period)
a) fbnh vs uba ==> 0.367 ==> weak
b) zenith vs access ==> 0.77 ==> strong(??)
c) gtb vs fbnh ==> 0.07 ==> no correlation
d) gtb vs uba ==> 0.88 ==> strong
e) zenith vs gtb ==> 0.87 ==> strong

Note: positive correlation is very high d closer u get to 1 and lower as u get near 0

Returns
If u bought in January 2012 and sold ur stock yesterday 13-10-2020 this would be ur returns. Note that dividends was not considered as I dont have d complete data.

uba ==> 134%
fbnh ==> -3.8%
access ==> -21.8
Zenith ==> 67%
GTB ==> 112%

And, then some graphs for visuals...

You can try the "multiple correlation coefficient"

ositadima1:
Zenith vs GTB ?

The two stocks are highly correlated meaning that if you have both in ur portfolio then u are not diversifying - they are affected by happenings similarly.

From d excel sheet bellow if u buy in January and sell in December each year, ur returns will be like so. GTB has done much better in terms of returns over d periods in consideration. Also, buy and hold is less profitable.

Notes:
1. Historical data was scrapped off investing(dot)com with a python script.
2. The correlation coefficient was calculated with Pearson method (statisticians in d house )
3. I didnt consider dividends sha.
4. Finally, thank God for python language

All banks stocks are corelated on NSE. Nothing new there. You can add the NSE banks index to your graph and it will look same way. There is usually just a short lag between the top ones and the rest.

Only notable exception was Sterling Bank from about mid 2018 to 2019.

stcool:
Eku market o!

Eku Naira o!

Best decision I made this year was dumping the NSE and moving into crypto

After enjoying bull run in Link, YFI, YFII biggest of all was yesterday Uniswap $UNI airdrop for platform users for 400 units UNI worth $1,200 @$3

Got 400X2 meta mask wallets

Same $UNI coin now trading for $7 heading to $10-20

Over 2Million free money in less than 24hrs

The future is blockchain...crypto...defi

This year I deserve a new

It's like you are a gullible and impressionable fellow. Are you not the same guy that was hyping and accumulating Sterling Bank some months ago? Suddenly you have become an expert in US Stocks.

Safe trip.

Austindark:
They will now produce a billionaire offspring.

But why will they perforate this good news with her past affairs with Dbanj. Can't they let it be

I think say you be girl o. Na dem dey always make this kin comment.

Princkez:
http://www.nse.com.ng/Financial_NewsDocs/30355_FBN_HOLDINGS_PLC_CORPORATE_ACTIONS_JUNE_2020.pdf

Why are they selling? Once banks in Nigeria start selling assets I get worried.

ACAN:
Profit Taking May Continue, As Smart Money Positions Ahead Of More Earnings Reports

Market Update for April 21

As projected by Investdata analysts, equity prices on the Nigerian Stock Exchange (NSE) tumbled on Tuesday as the composite All-Share index closed lower on massive profit-taking from recent robust gains by the market. This coincided with news of huge losses in crude oil prices which have continued to rattle the global markets and economies amidst the daily rise in the number of Coronavirus (COVID-19) cases, despite the continued lockdown to curtail the spread.

Also on Tuesday, the National Bureau of Statistics (NBS) released the March Consumer Price Index, showing that inflation rose to its highest in 24 months at 12.26%, just as the market received first-quarter earnings reports from FBN Holdings, Cadbury and United Capital, which, however, failed to impact their share prices likely due to the prevailing mode of the market and economy.

That notwithstanding, the earnings news has given an insight into what should be expected from quoted companies for Q1, how to position going forward. The 2020Q1 numbers will also show which sectors to target for the Q2 corporate earnings, given that economic data are expected to slow down significantly.

Undoubtedly, the correction has set in after the sharp divergence between market performance in recent times and the economic situation as smart money has quickly pushed prices up in expectation of reopening of the lockdown soon. This move is typical of a recovering market and should not result in panic selling in any way, but rather an opportunity for traders who missed out in the recovery moves to take advantage of the pullback and join the market again. We are of the opinion that the market may be enjoying some inflows from smart money.

Although we advise cautious play around the market and a change of strategies to reposition for the opportunities in a challenging economy such as we have today.
Tuesday’s trading opened on a gap down which was sustained throughout the session as profit-taking hit blue-chip stocks, pushing the NSE All-Share Index to an intraday low of 22,612.97 basis points, from its high of 22,920.41ps, before closing the session lower at 22,629.92bps on a low traded volume.

Market technicals were negative and weak, with lower traded volume than the previous session, in the midst of negative breadth and sentiment as revealed by Investdata’s Daily Sentiment Report, showing a ‘buy’ volume of 6% and sell position of 94%.

Total daily transaction volume index stood at 0.69, but the impetus behind the day’s performance inched up, with Money Flow Index reading 55.60 points, up from the previous 49.71ps, indicating that funds entered some stocks despite the down market.

Index and Market Caps
At the close of Tuesday trading, the composite index lost 290.49bps from the opening figure of 22,921.59ps, representing a 1.27% decline, while market capitalization was down by N151.39bn to close at N11.79tr from an opening value of N11.95tr which also represented a 1.27% depreciation in value.

If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of most revered traders and investors in corporate Nigeria to our watchlist. These stocks are with double potentials to rally considering their current market prices. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right at the current market recovery ahead of full-year earnings reporting season portfolio reshuffling and repositioning as we await an economic reform policy to stimulate and re-track the economy again.

The day’s decline was impacted by profit-taking in Guaranty Trust Bank, Seplat, Guinness, Julius Berger, Zenith Bank, Lafarge Africa, Access Bank, UBA, FBNH and Oando, which impacted negatively on the NSE index, increasing its Year-To-Date loss to 15.69%. Market capitalization YTD stood to N1.24 trillion representing an 8.09% drop from the year’s opening value.

Bearish Sector Indices
All the sectorial performance indexes closed red, led by NSE Banking which lost 5.75%, followed by the NSE Insurance with 1.45%, while the Oil/Gas, Industrial and Consumer Goods which shed 1.25%, 0.38%, and 0.10% respectively.

Market breadth, however, remained negative as decliners outweighed advancers in the ratio of 27:4, just as transactions in volume and value terms fell by 27.53% and 44.66% respectively, as investors exchanged 250.35m shares worth N2.33bn from the previous day’s 345.44m units valued at N4.21bn. The day’s volume was driven by trades in FBNH, Zenith Bank, Guaranty Trust Bank, UBA and Fidelity Bank.

The best-performing stocks during the session were Omoluabi Microfinance Bank and NPF Microfinance, which chalked 9.09% and 8.70% respectively, closing at N0.60 and N1.25 per share on market forces. On the flip side, Oando and Champion Breweries lost 10% each, closing at N2.25 and N0.81per share respectively, on profit-taking and selloffs.

Market Outlook
We expect profit taking to continue since the index had formed another double top on mixed sentiment and negative news of oil price slump as smart money repositions their portfolios ahead of more corporate earnings and implications of the March inflation data and its confirmation of the economic contraction ahead as national output continue to decline.

However, the market’s high dividend yield continues to attract buying interests, while more audited corporate earnings hit the market going forward. This is despite the likely continuation of selloff still, with investors buying to increase their positions in undervalued stocks ahead of dividend declaration. This is also against the backdrop of the fact that the capital wave in the financial market may persist in the midst of relatively low-interest rates in the money market, high inflation and unstable economic outlook for 2020.

Also, investors and traders are positioning in anticipation of the 2019 full-year earnings reports, amidst the changing sentiments in the hope of improved liquidity and positive economic indices which may reverse the current trend. We see investors focusing on the upcoming full-year earnings season, targeting companies with strong potential to grow their dividend on the strength of their earnings capacity.

Again, the current undervalue state of the market offers investors opportunities to position for the short, medium and long-term, which is why investors should target fundamentally sound, and dividend-paying stocks for possible capital appreciation in the New Year.
This was noted in the 10 golden stocks and trading ideas for 2020, as discussed extensively during the Investdata 2020 Traders & Investors Summit held in Lagos.

Also, traders and investors need to change their strategies, because of the NSE’s pricing methodology, the CBN directives, and their impact on the economy in the nearest future.

Meanwhile, the home study packs of our Invest 2020 Opportunities and Trade Ideas Summit, containing different Stocks for various investment objectives in 2020 and beyond are available. To obtain your pack send ‘Yes’ or ‘Stock’ to 08028164085, 08032055467, 08111811223 now.


https://investdata.com.ng/2020/04/profit-taking-may-continue-as-smart-money-positions-ahead-of-more-earnings-reports/

Nice one. Keep it up.

Na wa o. Some men are just children. You saw mycoten in your wife's wardrobe and instead of you to encourage her to open up to you in case of any women related infection so that you can help you had to first throw the infidelity stone. Truly, only men should get married. OP you are still a child. Obviously you and your wife are not friends that's why she is not free to discuss her "womanly" issues with you and had to lie to you about a N200 cream that can be bought in any Chemist, not pharmacy sef.

FastShipping:
What do you all think? High or fair?

These are contractor quotes. Try and look for the guys that do the Actual work and you can shave up to 30% from these qoutes

oladokuntk:
let me sent you my colour chat so you can check it out and make a chioce.

Please send your colour chart to. Pepa@live.com.

Empiree:



As for his lil brother who knows dad very well, he said "no no no, daddy is very funny. He's playing prank"

...and the saga continues. Stay tuned.

HsLBroker:
we started the covering today.

Praise be to God! This is the first Hslbroker smiling picture I have seen. Keep it up and Keep smiling!

abdulwastecx:


That is temporary.. We will surely get there. Nigerians need to sacrifice and go through this phase resolutely.

Our leaders should make sacrifices too. That way we will be reassured. It looks like it's only the masses that are making sacrifices.

brunofarad:




The determining factor is a straight wall......the essence of the rough plaster is just to achieve a straight wall interface.


So it is advisable to achieve a straight block work at the portions of the building you want to clad with stones at least to save plaster cost on those portions.

What are implications for a wall that has already been screeded but I now want to introduce stone cladding on portions of it

Okay na....I am following this lecture.

abdulwastecx:
This is a low cost three bedroom mini estate design I have been playing with for some days.
My aim is to produce simple design with a very low cost appeal.

This looks great! What is the size of the plot? How many flats are in this first picture?

mikymouse1:

Thanks my brother, I will surely ask him, I just wanted to have an idea of what to expect. As per the other variables, raised in your response; 1. He lives and works in abuja. 2. The job was done part time as he was handling 2 other jobs while executing mine. 3. The job lasted approximately one year. 4. Minus the cost of land and building approval, the total cost was about 8m. In the light of the aforementioned , what do think constitute a 'fair' price to both parties. Thank you.

Paying him anything between 5% to 7.5% of that amount won't be a bad idea. I believe friends should remunerated fairly if they have done a good job.

ChidoNwankwo:
Planning to build another duplex @ ibadan for rent, it is too hard to get USD now. that's my problem. Someone said Naira will become steady when it comes to 350 per USD, is that true?

The truth is that nobody knows. Whatever you want to do, just do it.

abdulwastecx:


In meters volume is 18m x 32m plan and depth of 1.2m.

Volume = 691.2cubic meters.
Assuming density of filled = 1.6tonnes /cubic meters
Weight of filled required before compaction = 1105.92tonnes.
Assuming a 20% allowance for shrinkage = 1.2 x 1105.92 =1327(approximately)

Number of trip for a 20tonnage vehicle = 1327/20 = 67 trips

Note: this is a conservative estimate

Thanks! Very helpful.

Hello House, how many trips of 20 ton trucks will I need to sandfill a 60 x 120 feet of land, assuming I will need to fill 4 feet of sand in the plot? Any help is appreciated!

[quote author=podosci post=42695604][/quote]

This four bedroom bungalow sits on what size of land?

podosci:

We have MOU with several furniture makers with minimum 30years of experience in the industry, Abdulwastecx along with his first class degree in civil engineering also has 13years experience in the furniture industry.... With this wealth of experience, there is no dream we can't turn into reality

This is good. Multi talented individuals.

podosci:
5.Interior room decorations for some of the rooms of the buildings above
Part of what makes a building a home is the look and feel of the rooms.Good furniture arrangements and interior decorations makes the home your place to relax after a stressful day at work.
The furniture Branch of HarneyProject can turn any house into a home. With state of the art tools and a dedicated team we can make any of this conceptualized ideas a reality in your home.

You guys make furniture too? Can we see images of what you have done?

I love the 3D renditions.

abdulwastecx:


Another problem is settlement, most filled experience settlement after sometimes due to poor compaction. The higher the filled the more likely to settle

True talk. I find that the arrangement of my interlocking stones are now disintegrating because after 15 months of installation, the compacted underlying sand in now settling.

By the way, Abdulwastecx, is the depth of that foundation because the soil structure is good? OK have seen a couple of builders here with same "not too deep" foundation even in areas like ajah etc.

brabus:


www.nairaland.com/automaticgate

Thanks Man!

brag3:
...... Egunmaji. please respond.

He is busy. You can respond on his behalf.

brabus:


You haven't checked the BIG guys yet. We are just looking for people who can compete with the first bidder who happens to be my friend who specializes in home automation.

He did the ones below (Naija homes) and the Emirates in MM2, Ikeja and many more. He also automated my sliding gates.

Can you share the guy's contact? I will like to have a conversation with him.

Daminaj2:
Mercy Johnson has responded to Tiwa Savage complments

She said;


https://www.instagram.com/p/BAzVilQSkIG/?taken-by=mercyjohnsonokojie
cc lalasticlala

OP, get a life! Stop tracking people's SM posts and response.

Akpuoru:
Hi good people. Am about to do electrical piping. Went to the market in PH (Okija) with hope of getting ABB or MEM distribution board. Was told that those brands had lots of imitations that I should go for SMART which is a new product hence no imitation yet, now confused. I will appreciate advice on choice of DB and cooking unit.

Keep an eye out for the original and stick to what you want. They are trying to sell what the have to you. If you can't tell fake from original, get somebody who can, to accompany you to the market.

whirlwind7:


I totally understand your point of view.
However, note that it is not just the people from Owerri/Imo state that would purchase lands here. Potential investors are from every southeast states, and even beyond.
The truth is that, spending powers seem to have nosedived since the past one year or so. A bad economy affects the general populace.
That doesn't stop us from forging ahead and conquering new frontiers, though. Let's keep pushing. When the going gets tough, the tough gets going.

Dude, why are you taking it personal? Business is business.

chiboy11:
MOD , Seun n co please can u alow me post mr kehinde alias highlander001 picture here, i will be greaful if u gve me the go ahead.thanks

Permission granted!!!

DetectiveDeb:
Bust-ing out! Beautiful Anna Banner showed off her VERY generous cleavage in sexy low-cut jumpsuit as she stepped out today.

Showing her baby daddy, Flavour, what he's missing, I guess.

School dropout!